Since opting to extend its focus beyond uranium in 2018, Forum Energy Metals (TSX-V: FMC) has come a long way. Following a successful drilling campaign at its Janice Lake sedimentary copper project– its first foray into the energy metals space – the firm attracted the attention of major miner Rio Tinto. A $30 million exploration deal signed between the two in May 2019 now provides the necessary firepower to support the discovery of a “very large corridor of near-surface copper mineralisation” at the Saskatchewan-based property.
The firm subsequently staked another Saskatchewan property called Love Lake in June 2019, prospective not only for copper but also nickel, palladium, and platinum – three more critical energy metals.
Alongside this, the company retains a portfolio of promising drill-ready uranium opportunities in Saskatchewan’s prolific Athabasca Basin, home to the richest uranium deposits in the world. One of these projects, Fir Island, was recently optioned to Orano Canada in a $6 million option deal and will be drilled in early 2020.
In our exclusive report, we focus on the work undertaken at both Janice Lake and Love Lake in detail, highlighting the potential value that both could ultimately yield for Forum and its investors.